Stock Futures Fall As Wall Street Looks Ahead To Jackson Hole

  • Posted on August 22, 2022
  • News
  • By FC Team
  • 528 Views

U.S. stock futures fell on Sunday night following a halt in the summer rally last week, as fears of aggressive interest rate hikes returned to Wall Street.Dow Jones Industrial Average futures slid by 93 points, or 0.28%. S&P 500 and Nasdaq 100 futures dipped 0.35% and 0.53%, respectively.On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average dropped 292 points, or 0.86%, and the Nasdaq Composite dropped 2.01%.Those moves come ahead of what could be a volatile week of trading on Wall Street. Investors are anticipating Fed Chairman Jerome Powell’s latest comments on inflation at the central bank’s annual Jackson Hole economic symposium.“We’ve written a couple of times recently about wait and see trading ahead of key events/releases... and how that can set the stage for greater volatility around the events themselves, and we may see a bit of that play out next week as investors await the symposium,” read a Friday note from Susquehanna’s Christopher Jacobson.On the earnings front, traders are expecting Palo Alto Networks and Zoom Video to report results Monday after the bell.cnbc.com

Author
No Image
manager

FC Team

No description...

You May Also Like